Sunday, September 09, 2007


I brought this out during my tandem lecture with Robert Jawo A. at AIM Baguio. This is a real press release from Malacanang writers.

So much investments, so little time for PGMA in China
SATURDAY, APRIL 21, 2007 | FOREIGN INVESTMENT 2007/news3. htm

BOAO, China (Via PLDT) -- Nearly a billion dollars worth of new investments in 12 hours.

That’s the way things looked like for President Gloria Macapagal-Arroyo in her brief stay in this picturesque coastal town Saturday as she came and went like a thief in the night bringing with her an avalanche of Chinese investments to the tune of $904.38 million.

The President, who arrived here in the wee hours of Saturday to keynote the opening plenary session of the Boao Forum for Asia (BFA), left at 3:30 p.m. of the same day, but not after witnessing the signing of five landmark economic agreements between the Philippines and China that, in her own words, would create new jobs for Filipinos and support infrastructure development "to raise the competitiveness of our country."

"These commitments are testament to the progress we have made in enhancing our economic environment and the confidence of the international community in our country and economy," she said shortly before her departure for Manila .

The five agreements were for a cyber-education project, a supply contract for a national broadband network, the second phase of the Angat Dam water utilization and aqueduct improvement project, and on mango pulp and tapioca exports….

How prophetic would that story be because this includes the ZTE Scandal. The anonymous writer should be given a citation for truth in advertising.

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